Daily-Weekly-Monthly RSI7s
C 24-45-59
HBC 26-47-70
FITB 23-46-47
SBUX 24-44-55
WAG 37-24-39
WFMI 22-32-33
WHR 20-44-54
DOW 31-49-46
...david...

So, unless you owned these for the possible ride up, none would be in the accumulation zone at this time... right!

looking forward to the new service and Cara Oscillator.

GDP days are rarely down days for the market.

If revised upward - market goes up
If inline - market goes up
If down a bit - market stays flat as its not as bad as expected.
If down a lot - market drops - but is support by the government.

This pattern has played out all year.

The whole point is to create and image of a strong US economy - even if the GDP data is weak they try to create the image that things are not as bad as expected.

Oil is being pumped today for some reason - the inventory report was not that bullish.

Low volumes on some blue chip stocks I follow.
...and a lot of random price movements also.

... and semi's weak so far

I anticipated this persistant bullishness yesterday morning and closed the Dow short position trade yesterday for a resonable 1 week profit with the leverage.

I was stopped out of the my Energy short position trade at the same time yesterday as it opened higher in the morning through my stop - for a small loss.

So overall the Short Dow Short Energy trade was profitable.

I don't understand the market today - so I have not traded yet today - I'll look for a reversal this afternoon.

I have left an energy stock day trade (CNQ) open from yesterday.

I wonder if funds are just cleaning or positioning for end of month???

Here is a speculation that's been pounded into oblivion.

JDO
Oil & gas
Small position for a trade

Talk about distributing stocks into strength in the SPZ futures. Futures open 5 points or so higher and quickly burst higher at a very odd time (10am central). Instead of following through to the upside, market leaders were sold aggressively; GS trades up to 199.5 and then reverses hard to 193.06; AAPL gaps through it's all time high of 93.15 then falls to 90.25; CME high 543.5 then drops to 528.13; RIMM high 137.16, low this afternoon so far 130.61; and GOOG high just after the opening 494.75 then drops to 482.25. Semi's as noted opened moderately higher and have weakened all day. SPZ still up over 8 points-very conspicuous selling into program buying. Who is buying????

Who is buying????
Well it seems like one elephant sells and leaves the room and another one comes back in and buys.

It is impossible to swing trade these markets anymore. These signals are rendered useless.

There is just a bunch of money sloshing around - running into this ETF and then out of it and into another. Like a drunk madman that just has to buy something - anything - he'll find a reason.

Today it is the XLE that seems to be keeping the SPZ afloat.

So the indexes just keep drifting higher - as this rotation keeps occuring.

I just stay with the trend until the trendlines break decisively - for position trades - this works.

And Day trade these wild swings and unload them as quick as I can - this works.

But swing trades - not worth the effort lately.

KRY up >6% on above average volume.

Bill-thanks.